The City of Mount Dora has implemented a new Power Cost Charge that will be effective starting April 1, 2019. The Power Cost Charge increases to $0.06200 per kWh from $0.05898 per kWh due to higher fuel costs.
The Power Cost Charge (PCC) is a separate charge on the customers’ electric bills which recovers the actual cost of wholesale power that the city purchases from Duke Energy. The PCC is normally calculated for April 1 and October 1 and applies for the following six month period. The PCC formula has an automatic "true-up" feature that ensures that electric customers only pay for actual power costs. The city does not make a “profit” on the PCC. It is simply a billing mechanism to pass along wholesale power costs to the city's electric customers.
The impact of the higher PCC will be to increase monthly electric bills of city residential electric customers by approximately 2.1% to 2.8%. For a typical residential customer using 1,000 kWh per month, the electric bill will increase approximately 2.7%. General Service customers will receive increases ranging from 2.6% to 3.6%, depending on usage.